Nallatech raises $5 million in fundings

The money, that comes from ETV Capital and Bridge Bank will be used for the company's next phase of U.S expansion. "Together with the support and backing of our other financial investors, 3i and Scottish Equity Partners, this facility gives us the flexibility and financial resources we need to take advantage of the ever increasing demand for high-performance FPGA computing solutions in the U.S. military and aerospace sector", Craig Anderson, CEO of Nallatech, said.